Go Back to www.IndependentRetailer.com

MANAGEMENT

Salary Report

THE HIGHER the salaries, the better it is for the retailer. That’s why a recent salary re- port by the Conference Board, based in New York City, is not great news. With total salary increase budgets now barely exceeding infl ation, even top performers may be just keeping up with cost of living increases, according to The Conference Board Salary Increase Budgets for 2010. New 2010 projections show

that salary increase budgets in the U.S. will be below three percent for the fi rst time in more than two decades, and

projected 2010 salary structure adjustments for all categories of employees are not expected to top two percent; well below The Conference Board’s forecasted infl ation rate of 2.6 percent. “Compensation profession-

als usually make sure that the salary structures move in lock step with infl ation, in order to ensure that structures represent market rate for jobs,” says John Gibbons, program director, hu- man capital, The Conference Board. “They budget increases in a particular year to reward great performance, allowing earnings to exceed infl ation

and move people up through the ranges. Salary ranges also represent employers’ anticipa- tion of what the job market will require. Projections of near zero percent in real terms mean that employers are making the as- sumption that the salary market is simply not going to move up, regardless of increases in the cost of living.” ■

Visit IndependentRetailer.com, For Today’s Business News & Updates.

90 April 2010

Visit

Online at INDEPENDENTRETAILER.COM Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76  |  Page 77  |  Page 78  |  Page 79  |  Page 80  |  Page 81  |  Page 82  |  Page 83  |  Page 84  |  Page 85  |  Page 86  |  Page 87  |  Page 88  |  Page 89  |  Page 90  |  Page 91  |  Page 92  |  Page 93  |  Page 94  |  Page 95  |  Page 96  |  Page 97  |  Page 98  |  Page 99  |  Page 100  |  Page 101  |  Page 102  |  Page 103  |  Page 104